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Governance

Long-term approach paid off for family offices during recession
January 19, 2012

Single family offices in the US and Europe were largely well prepared to ride out the financial crisis of 2008 and the subsequent difficult market environment, making very few strategic changes to their asset allocation.

Single family offices in the US and Europe were largely well prepared to ride out the financial crisis of 2008 and the subsequent difficult market environment, making very few strategic changes to their asset allocation.

That’s according to new research by American investment advisory firm Cambridge Associates, which surveyed 40 single family offices in the US and Europe in 2011.

Asset Value Investors
January 3, 2012

Asset Value Investors (AVI) is an employee owned asset management company with the goal to achieve long-term growth of our client's capital.

Asset Value Investors (AVI) is an employee owned asset management company. Our primary goal is to achieve the long-term growth of our client's capital through the management of equity portfolios. We strive to be a premier investment firm providing performance by identifying valuation anomalies and focusing on investing where the market price does not reflect the estimated intrinsic value. Our value oriented and low risk investment approach, which has been in place for over 25 years, is to find unrecognised value among high quality assets.

India’s HNW wealth grows faster than global wealth
December 15, 2011

The amount of wealth held by high net worth individuals in India has increased faster than that held by rich people globally. That is according to the India Wealth Report, released by Indian wealth management firm Karvy Private Wealth.

The amount of wealth held by high net worth individuals in India has increased faster than that held by rich people globally.

That is according to the India Wealth Report, released by Indian wealth management firm Karvy Private Wealth. It found that while the fortunes of HNW individuals internationally grew by around 9% during the year, money held by Indian rich increased by more than 11%.

This made India one of the fastest-growing HNW populations in the world, accounting for 1.2% of global wealth, said the report.

Swiss wealth managers to lose billions on tax crackdown
November 30, 2011

Banks in Switzerland could lose as much as CHF50 billion (€40.7 billion) in assets under management as a result of a tax crackdown by the UK and Germany, says a new study. According to management consulting firm Booz & Co, wealth managers in Switzerland will also lose CHF1.1 billion in revenues, as clients with the two European countries withdraw their money before the tax treaties come into effect in 2013.

Banks in Switzerland could lose as much as CHF50 billion (€40.7 billion) in assets under management as a result of a tax crackdown by the UK and Germany, says a new study.

According to management consulting firm Booz & Co, wealth managers in Switzerland will also lose CHF1.1 billion in revenues, as clients with the two European countries withdraw their money before the tax treaties come into effect in 2013.

Sponsored feature - Transparency and family offices
November 29, 2011

Wall Street protests have triggered copy-cat street protests in financial capitals globally. Governments are scrambling to contain the upheaval and stay ahead of markets, with tax increases and more regulation, together with attacks on offshore bank accounts and tax increases on European property assets on the rise.

Ashley King-Christopher, Corporate Tax Partner at Speechly Bircham, looks at how family offices are dealing with a more transparent world.

Wealthy families and family offices should take quick action to clear tax arrears, says expert
November 29, 2011

Ultra-high net worth families and family offices in the UK need to move quickly and clear up their tax arrears to benefit from the Liechtenstein Disclosure Facility, according to an expert in international taxation.

Ultra-high net worth families and family offices in the UK need to move quickly and clear up their tax arrears to benefit from the Liechtenstein Disclosure Facility, according to an expert in international taxation.

“If families are not dealing with clearing [undisclosed assets], they are not doing the next generation any favours. The LDF is a way to change that at a time when passing on wealth is a challenge,” Philip Marcovici, a member of the board of wealth manager Kaiser Partner and a former partner at law firm Baker & McKenzie, told CampdenFO.

Risk is top concern for family offices
November 22, 2011

Risk management is of top priority for family offices in Europe, as they look to make the best of the uncertain global market environment, finds a new report by Campden Research.

Risk management is of top priority for family offices in Europe, as they look to make the best of the uncertain global market environment, finds a new report by Campden Research.

Entitled Beyond Uncertainty: Family Offices Adapt to Unpredictability, the survey, which analysed more than 50 single and multi family offices across Europe and was sponsored by UBS, found that family offices are increasingly outsourcing risk functions to better deal with monitoring the safety of their investments.

Charles-Lim Capital
October 19, 2011

CLC is an independent investment firm based in Asia, employing a value and quality philosophy in investing in listed equity securities in Asia for the long-term.

Wealth Funds for the Long Term. Investing in Tomorrow’s Asia.

What model is best - single or multi?
September 13, 2011

Anything involving families is a recipe for dispute, and family offices are no exception. Should they stick to the core of money- management, or branch out into other areas, such as concierge services? Should it keep the sparky, entrepreneurial, risk-taking character of a business’s founder, or become a conservative institution that concentrates on wealth preservation, rather than creation?

Anything involving families is a recipe for dispute, and family offices are no exception. Should they stick to the core of money- management, or branch out into other areas, such as concierge services? Should it keep the sparky, entrepreneurial, risk-taking character of a business’s founder, or become a conservative institution that concentrates on wealth preservation, rather than creation?

Family offices outsource CIO function as exposure to hedge funds rise
September 1, 2011

Family offices are increasingly outsourcing the function of the chief investment officer, as they aim to monitor more efficiently their growing focus on hedge funds, according to a top investment expert.

Family offices are increasingly outsourcing the function of the chief investment officer, as they aim to monitor more efficiently their growing focus on hedge funds, according to a top investment expert.